Gold Holds Near $4,495 as 60-Day US-Iran Truce Deal Eases Inflation Fears
Updated
Updated · Bloomberg · May 28
Gold Holds Near $4,495 as 60-Day US-Iran Truce Deal Eases Inflation Fears
6 articles · Updated · Bloomberg · May 28
$4,495 an ounce marked gold's level after bullion held onto Thursday's 1% gain, even after earlier volatility drove it to a two-month low.
A tentative US-Iran agreement to extend a ceasefire by 60 days and open further talks on Tehran's nuclear program helped calm fears that the Middle East war would reignite inflation pressures.
Airstrikes earlier in the session had threatened to derail peace talks, showing how quickly geopolitical swings are still driving haven demand and price moves in bullion.
With markets rallying on tenuous peace, is the global economy prepared for the deal’s potential collapse?
Can a fragile 60-day truce dismantle a nuclear program just one week away from a bomb?
How will this temporary U.S.-Iran peace deal affect China's growing influence in the Middle East?
Gold at $4,493: Navigating 2026 Volatility, US-Iran Truce, and Global Market Impacts
Overview
As of May 29, 2026, gold (XAU/USD) is trading at $4,493.67, with analysts forecasting a daily low of $4,254.97, an average price of $4,415.85, and a high of $4,576.74. The market sentiment is bearish, and traders are showing caution as expectations point to a continued decline in gold prices. This outlook highlights significant intraday volatility, reflecting a period where negative sentiment dominates the market. The combination of these price predictions and cautious trading behavior underscores the current uncertainty and dynamic environment facing gold investors at the end of May 2026.